Bird River Resources Announces AGM Results

Winnipeg, MB: Bird River Resources Inc. (BDR:CSE) (“BDR” or the “Corporation”) reports that, at the 2017 Annual and Special Meeting of shareholders held in Winnipeg on April 19, 2018, all matters set forth in the management information circular were approved by the shareholders. Jon Bridgman (CEO), Ed Thompson (Secretary Treasurer), Donal Carroll, Ty Pfeifer and David Walters were elected to the board of directors for the 2018 fiscal year.  Also, the shareholders approved the re-appointment of Magnus LLP Chartered Professional Accountants as the Company’s auditors. 
 
During the AGM Mr. Bridgman discussed the Company’s previous news release dated April 11, 2018 that announced the Canadian Securities Exchange (the “CSE”) advised the Company that trading of the Company’s shares on the CSE has been temporarily halted pending the Company providing the CSE with additional disclosure with respect to its previously announced acquisition of High Point Oil Inc. Management is preparing a response to meet all compliance requirements, ensuring trading will resume as quickly as possible. Management would like to continue to stress that the cease trade does not impact day to day operations. Drilling locations have been selected and are being licenced. Drilling will commence as soon as the ground dries up after an extended and harsh Alberta winter.  The capital required for this drilling program has been set aside by the company.

About Bird River Resources Inc.
 
Established in 1958, Bird River Resources Inc. is a Canadian natural resources company focused on three verticals within the energy sector; Oil & Gas, Cogeneration and Technology. The Oil & Gas vertical was recently expanded through the acquisition of High Point Oil Inc. and focuses on the acquisition, exploration and development of petroleum and natural gas in the Western Canadian Basin. The cogeneration vertical is a joint venture with Divestco focused on the conversion of natural gas to electricity at exceptionally low rates. The Technology vertical focuses on the application of technologies such as blockchain to identified opportunities within the energy and technology sectors, including the establishment of a leading, ultra low-cost cryptocurrency mining centre through a partnership with Divestco. 
  
Additional information on the Company is available on its websites at birdriverresources.com and highpointoil.net, and on SEDAR at sedar.com. 
 
For further information, contact:   
 
Bird River Resources Inc. (birdriverresources.com) 
Jon Bridgman, CEO
Bird River Resources Inc.
204-589-2848
jonbirdriver@gmail.com     
 
This news release is for information purposes only and no statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities and may contain forward looking statements that are based upon current expectations or beliefs as well as a number of assumptions about future events and words such as may, should, could, will, expect, anticipate, estimate, believe, intend, project should not be taken out of context. 
 
NEITHER THE CSE NOR ITS MARKET REGULATOR (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

Bird River Resources Reports Halt on Trading

Winnipeg, MB: Bird River Resources Inc. (CSE:BDR) (the “Company”) announces that the Canadian Securities Exchange (the “CSE”) advised the Company that trading of the Company’s shares on the CSE has been temporarily halted pending the Company providing the CSE with additional disclosure with respect to its previously announced acquisition of High Point Oil Inc. (“High Point”) by way of a share exchange (the “Transaction”). The CSE has advised the Company that the Transaction, together with certain changes in the composition of the Company’s management and the Company’s previously announced joint ventures with Divestco Inc. (“Divestco”), may collectively constitute a “fundamental change” pursuant to the policies of the CSE.

The Company intends to work diligently to address the CSE’s concerns, including, if required by the CSE, by preparing and filing a CSE Form 2A Listing Statement with the CSE. The Company will issue a further news release when the trading halt is lifted.  
 
About Bird River Resources Inc.  
 
Established in 1958, Bird River Resources Inc. is a Canadian natural resources company focused on three verticals within the energy sector – Oil & Gas, Cogeneration and Technology. The Oil & Gas vertical was recently expanded through the acquisition of High Point Oil Inc. and focuses on the acquisition, exploration and development of petroleum and natural gas in the Western Canadian Basin. The cogeneration vertical is a joint venture with Divestco focused on the conversion of natural gas to electricity at exceptionally low rates. The Technology vertical focuses on the application of technologies such as blockchain to identified opportunities within the energy and technology sectors, including the establishment of a leading, ultra low-cost cryptocurrency mining centre through a partnership with Divestco. 
 
Additional information on the Company is available on its websites at birdriverresources.com and highpointoil.net, and on SEDAR at sedar.com. 
 
For further information, contact:   
 
Jon Bridgman, CEO
Bird River Resources Inc.
Tel: 204-589-2848
Email: jonbirdriver@gmail.com    
 
This news release is for information purposes only and no statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities and may contain forward looking statements that are based upon current expectations or beliefs as well as a number of assumptions about future events and words such as may, should, could, will, expect, anticipate, estimate, believe, intend, project should not be taken out of context. 
 
NEITHER THE CSE NOR ITS MARKET REGULATOR (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE. 

Bird River Resources & Divestco Partner to Create Low-Cost Cryptocurrency Mining Centre

Turnkey data infrastructure, in-house technical expertise and low-cost electricity at
1.4 cents per kilowatt hour drive competitive advantage

Calgary, AB: Bird River Resources Inc. (CSE: BDR) (“Bird River”) and Divestco Inc. (TSXV: DVT) (“Divestco”) today announced a joint venture to create a high volume, cost-effective commercial cryptocurrency mining operation based in Calgary, Alberta using existing infrastructure.

This follows a previously announced joint cogeneration agreement under which the two companies have joined forces to produce low-cost electricity by converting natural gas to electricity. The cryptocurrency mining operation will benefit with an estimated cost of electricity at approximately 1.4 cents per kilowatt hour compared to the Canadian industry average cost of electricity at approximately 6 cents per kilowatt hour. “Electricity is one of the largest expenses in running a commercial cryptocurrency mining operation. Securing low-cost electricity through our joint cogeneration facility provides us with an impressive competitive advantage,” said Ty Pfeifer, Director of Bird River Resources. “Furthermore, we are able to utilize Divestco’s existing data centre infrastructure, providing an even further substantial cost advantage in bringing our venture to the forefront of Canada’s cryptocurrency mining industry. Building a similar data centre would cost in excess of $5 million.”

Under the agreement, Bird River will pay for 100% of the capital cost of acquiring mining rigs for cryptocurrency mining operations. Divestco will provide the infrastructure for the cryptocurrency mining activity including climate-controlled space, racking equipment for up to 3,000 mining rigs, and personnel with specific expertise in crypto mining. Divestco will operate the data centre and all the crypto data mining rigs. Revenue, net of operating expenses, will be split with 80% of revenue to Bird River Resources and 20% of revenue to Divestco until such time that the original capital cost has been fully recouped, and will thereafter be split 50/50 between the two companies.

“We are pleased that the substantial investment we’ve made in our state-of-the-art data
centre will be utilized for this joint venture, and that existing IT resources can easily be augmented with expertise to run the cryptocurrency mining operations,” said Stephen
Popadynetz, President and CEO of Divestco. “We see great promise in this joint enterprise becoming Canada’s leader in cryptocurrency mining with the infrastructure, expertise and
low cost electricity that set us above the rest.”

About Bird River Resources Inc.
Established in 1958, Bird River Resources (CSE: BDR) is a Canadian natural resources
company focused on three verticals within the energy sector – Oil & Gas, Cogeneration and Technology. The Oil & Gas vertical was recently expanded through the acquisition of High Point Oil and focuses on the acquisition, exploration and development of petroleum and natural gas in the Western Canadian Basin. The cogeneration vertical is a joint venture with Divestco Inc. focused on the conversion of natural gas to electricity at exceptionally low rates. The Technology vertical focuses on the application of technologies such as blockchain to identified opportunities within the energy and technology sectors, including the establishment of a leading, ultra low-cost cryptocurrency mining centre through a partnership with Divestco. For more information, visit birdriverresources.com and divestco.com.

About Divestco Inc.
Divestco is an exploration services company that provides a comprehensive and
integrated portfolio of data, software, and services to the oil and gas industry. Through
continued commitment to align and bundle products and services to generate value for
customers, Divestco is creating an unparalleled set of integrated solutions and unique
benefits for the marketplace. Divestco’s breadth of data, software and services offers
customers the ability to access and analyze the information required to make business
decisions and to optimize their success in the upstream oil and gas industry. Divestco is
headquartered in Calgary and trades on the TSX Venture Exchange under the symbol
“DVT”. Additional information on Divestco is available on its website at divestco.com and
on SEDAR at sedar.com.

Bird River Resources Oil & Gas Operational Update

Calgary, AB: Bird River Resources Inc. (CSE: BDR) (“Bird River” or the “Company”) today announces an operational update on its Oil & Gas business vertical.

Bird River is pleased to announce that the Alberta Energy Regulator (AER) has granted
High Point Oil Inc., a wholly owned subsidiary of Bird River, eligibility to hold licenses for all types of wells, facilities and pipelines. The Company has now achieved a significant step towards its inaugural drilling program, which will commence immediately following the
Spring breakup.

“Our 3D seismic has identified 20 drilling locations to date and we now have the AER eligibility status to continue down our path of growth for our Oil & Gas business,” said Ty Pfeifer, Director of Bird River.

Applications for well licenses are underway. Drilling is planned after the Spring breakup to
avoid the increased risk and cost of running a drill program during the problematic thaw
cycle.

The Company has also expanded its drilling inventory with the acquisition of several new petroleum leases. In addition to the 20 drilling locations already established, more drilling locations are expected to be identified as the Company expands its 3D seismic database. It is anticipated that some of these incremental locations will also be added to the Company’s 2018 drilling program.

About Bird River Resources Inc.
Established in 1958, Bird River Resources is a Canadian natural resources company focused on three verticals within the energy sector – Oil & Gas, Cogeneration and Technology. The Oil & Gas vertical was recently expanded through the acquisition of High Point Oil and focuses on the acquisition, exploration and development of petroleum and natural gas in the Western Canadian Basin. The cogeneration vertical is a joint venture with Divestco Inc. focused on the conversion of natural gas to electricity at exceptionally low rates. The Technology vertical focuses on the application of technologies such as blockchain to identified opportunities within the energy and technology sectors.

Additional information on Bird River is available on its websites at birdriverreources.com
and highpointoil.net, and on SEDAR at sedar.com.

Disclaimer
This news release is for information purposes only and no statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities and may contain forward looking statements that are based upon current expectations or beliefs as well as a number of assumptions about future events and words such as may, should, could, will, expect, anticipate, estimate, believe, intend, project should not be taken out of context. No stock exchange or securities commission has reviewed the adequacy or accuracy of this news release.